Billionaire businessman Peter Muthoka has sold his airport services firm Transglobal Cargo Centre to Istanbul-based Celebi Aviation for Sh5.17 billion ($40.1 million), marking one of the largest transactions in Kenya’s logistics market.
Celebi bought 100 percent of Transglobal, a company offering ground handling services at the Jomo Kenyatta International Airport (JKIA) in Nairobi, where it trades as Africa Flight Services (AFS).
